In most states, the cost of placing two kids in a center-based child care program would exceed a family's annual housing costs.
Rising child-care expenses managed to slightly outpace inflation last year, with the national average cost of care hitting about $10,600 annually, according to a new report.
In... Rising child-care expenses managed to slightly outpace inflation last year, with the national average cost of care hitting about $10,600 annually, according to a new report. In most states, the cost of placing two children in a center-based child-care program even exceeded annual housing payments, according to the report. Center-based care for two kids in Washington, D.C., might have cost a family an average of $45,640, for example, while their annual rent, if at the median price, could have been $19,284.
The average family with at least one child under the age of 5 typically has to devote about 13% of their household income to child care, often during a period when the parents lack the kind of earning power and savings they need to reasonably afford the expense, according to a paper published by the Treasury Department last September.
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